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Recalls this week: Folding knives, night lights, bicycles

More than 150,000 folding knives are being recalled because of a faulty locking mechanism that can result in lacerations. Other consumer products being recalled this week include night lights and bicycles. They were sold at Bass Pro Shops, Cabela's, Home Depot, other retailers nationwide and online at www.gerbergear.com and other online sporting goods...
Source: The Associated Press | By: By The Associated Press
Humana shares jump 15% amid takeover report

Potential bidders for Humana include Aetna and Cigna, Dow Jones reported, citing sources.
Source: CNBC.com | By: CNBC.com staff
Humana shares jump 19% amid takeover report

Health insurer Humana has received takeover interest, with potential bidders including Aetna and Cigna, according to reports.
Source: CNBC.com | By: Jacob Pramuk
Studios for up and coming YouTube stars  

Ipsy is taking business further into the digital space with the launch of Ipsy Open Studios. YouTube star Michelle Phan, and Ipsy CEO Marcelo Camberos, discuss the opportunity of the online space.
Source: CNBC.com
US STOCKS-Futures down as Greece weighs; GDP data awaited

May 29- U.S. stock index futures were lower on Friday amid worries about Greece's ability to strike a deal with its euro zone partners by Sunday and ahead of U.S. gross domestic product data. *Altera rose 6.2 percent to $49.90 in premarket trading after the New York Post reported that Intel was close to buying the chipmaker for about $15 billion.
Source: Reuters | By: Sweta Singh
US economy likely shrank, but fundamentals are strong

A larger trade gap and a smaller business inventories than previously thought will probably account for much of the expected downward revision.
Source: Reuters
Major flash flooding hits Texas, dozens rescued

Dozens were rescued from flash flooding in central Texas, as responders throughout the state struggled to cope with the wettest May on record.
Source: NBC News | By: F. Brinley Bruton and Shamar Walters
This is what markets are watching Friday

Be it the result of port strikes or some weird seasonal factor, expectations are U.S. growth contracted in the first quarter and just how much may be an important factor in markets Friday.
Source: CNBC.com | By: Patti Domm
U.S. charges 6 with text messaging consumer fraud

NEW YORK, May 28- Six men have been criminally charged over an alleged "mobile cramming" scheme in which they bilked hundreds of thousands of mobile phone users out of more than $50 million by providing unwanted text messaging services, U.S. authorities said on Thursday. Attorney Preet Bharara in Manhattan announced the charges nearly a year after the defendant...
Source: Reuters | By: Jonathan Stempel
Why do women cheat? Ashley Madison CEO tells all

Is cheating bad? Why do women cheat? The founder and CEO of affair website Ashley Madison tells all, including why he has his eye on China.
Source: CNBC.com | By: Noel Biderman, founder and CEO of Ashley Madison